Avalanche Vault Suffers $1M Flash Loan Exploit as AVAX Dips
An Avalanche vault was exploited for nearly $1 million via a flash loan, coinciding with AVAX's technical downturn.
An Avalanche vault was exploited for nearly $1 million via a flash loan, coinciding with AVAX's technical downturn. Chainlink (LINK) is trading at ₹1,124 ($11.81), down 1.2% since this brief published. This is an original Token Times brief based on reporting by Crypto Daily, with live market data added, as of Wed, 28 Oct 2026 21:00:02 UTC.
This exploit highlights vulnerabilities in DeFi protocols and the risks associated with flash loans, which can be used to manipulate markets and drain funds. It also comes as Avalanche's total value locked (TVL) has been declining.
- Avalanche vault loses ~$1M in flash loan attack
- AVAX dips below key moving averages
- Avalanche TVL drops 4.5% in past week to $136.55M
- Avalanche Faces Price Pressure Despite 17,330 AVAX Burn Event
- Avalanche Enables Tokenized U.S. Treasuries as Loan Collateral
- Avalanche Vault Suffers $1M Flash Loan Exploit as AVAX Dips — this brief
An 
Avalanche vault was exploited for nearly $1 million through a flash loan, according to Crypto Daily. The attack coincided with AVAX's price slipping below its moving averages, suggesting a potential technical downturn.
The incident highlights the risks associated with flash loans, which can be used to manipulate markets and drain funds from vulnerable DeFi protocols. Avalanche's total value locked (TVL) has also been declining, currently standing at $136.55 million, a 4.5% drop over the past week.
The broader market context shows a neutral sentiment, with the total crypto market cap at $2.81 trillion and the Fear & Greed Index at 51. 
Bitcoin is up 1.25% in the last 24 hours, while Avalanche (AVAX) has seen a 2.80% increase in the same period but remains down 8.71% over the past week.
Chainlink (LINK) has also experienced volatility, currently priced at $11.95 with a 24-hour increase of 4.24% but a 7-day decline of 6.61%. The incident underscores the need for improved security measures in DeFi platforms to protect against such exploits.
Since this brief published about 1 hour ago, Chainlink (LINK) has moved from ₹1,137.63$11.95 to ₹1,124.30$11.81 — -1.17%.
The chart plots LINK's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 LINK ≈ ₹1,224.11 (about $11.81), up 3.2% over 24 hours. The rupee itself trades about 8.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 28, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Avalanche Vault Suffers $1M Flash Loan Exploit as AVAX Dips — questions & answers
What is a flash loan exploit?
A flash loan exploit is an attack where an attacker borrows funds without collateral, manipulates the market, and repays the loan within the same transaction, often resulting in a profit at the expense of the protocol.
How much was lost in the Avalanche vault exploit?
The Avalanche vault lost nearly $1 million in the flash loan exploit.
What is Avalanche's current TVL?
Avalanche's TVL is currently $136.55 million, down 4.5% over the past week.
How much is 1 Chainlink worth in rupee today?
About ₹1,224.11 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $11.81. The rupee price moves with both LINK's US-dollar price and the USDT/INR rate; use our Chainlink in rupee page for any amount.
Has Chainlink's price moved since this brief was published?
LINK is down 1.17% since this brief first published — trading at ₹1,124 ($11.81) now versus ₹1,138 ($11.95) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Daily. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.